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BUDGET 2017-2018 Special

Latest Updates -
-The latest income tax slabs for 2017-2018 can be found here - Income tax slabs 2017-18.

-The latest free income tax calculator to calculate your latest tax and to compare your tax savings from previous year can be found here
Free Income Tax calculator for calculating tax for 2017-18.

Modified India income tax slabs "2008 2009" per budget 2008

The detailed income tax slabs / income tax rates for 2008-2009 and a free income tax calculator based on the latest tax slabs.

India Income Tax slab changes summary -

Changes to income tax slabs in this budget from previous budget are -

  • Income tax threshold in India has been raised to Rs. 1.5 lakhs from the existing 1.1 lakhs. This will give a relief of Rs. 4000.00 for each Indian tax payer.
  • For women there is no tax for income below Rs 1.80 lakh
  • Senior citizens need not pay tax for income below Rs 2.25 lakh.
  • Tax rates are also changed for different tax slabs.

Detailed Indian Income tax slab tables -

Following income tax tables indicate income tax slab for "2008-2009". The first column indicates the income tax slab, and the second column indicates the income tax applicable on your income. Income tax indicates the percentage that needs to be paid as tax on your income.

India Income tax slabs 2008-2009 for Men

Income tax slab (in Rs.)Tax
0 to 1,50,000No tax
1,50,000 to 3,00,00010%
3,00,000 to 5,00,00020%
Above 5,00,00030%

India Income tax slabs 2008-2009 for women

Income tax slab(in Rs.)Tax
0 to 1,80,000No tax
1,80,000 to 3,00,00010%
3,00,000 to 5,00,00020%
Above 5,00,00030%

India Income tax slabs 2008-2009 for Senior citizen

Income tax slab(in Rs.)Tax
0 to 2,25,000No tax
2,25,000 to 3,00,00010%
3,00,000 to 5,00,00020%
Above 5,00,00030%

A quick income tax calculator for the latest income tax slabs

Use the above income tax slab tables along with this free Quick Income tax calculator to calculate your income tax. The quick calculator also calculates your income tax based on previous years income tax slabs and tells you how much tax you saved.

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